Mubasher TV
Contact Us Advertising   العربية

Al Kuzama Trading inks SAR 35m facility deal with Al Rajhi Bank

Al Kuzama Trading inks SAR 35m facility deal with Al Rajhi Bank
Photo Archive
ALRAJHI
1120
0.23% 66.85 0.15
ALKUZAMA
9636
0.00% 59.00 0.00

Riyadh - Mubasher: Al Kuzama Trading Company has obtained a SAR 35 million Shariah-compliant credit facility from Al Rajhi Bank, according to a bourse filing.

The deal aims to finance the acquisition of a 25% stake in Unique Food Catering Company and support its working capital requirements. It was signed on 7 June 2026, with a tenure of 42 months, including a six-month grace period.   

Meanwhile, the facility is backed by personal guarantees from Chairman Ali bin Mubarak Al Dossari and Vice Chairman Khalid bin Ali Al Haqbani, in addition to a promissory note valued at SAR 38.50 million. 

Al Kuzama noted that both Al Dossari and Al Haqbani are related parties to the transaction in their capacity as guarantors of the financing.